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Take note the related totals in the special journals might be posted to the final ledger accounts at the conclusion of the thirty day period. You can enter this Once you get ready the Bank Reconciliation Assertion.
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Be aware that special journals need to be employed wherever applicable. Any transaction that can not be recorded in a Unique journal must be recorded in the final journal.
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Now that the closing entries have been journalised and posted, you happen to be necessary to prepare a article-closing trail balance. This path balance is prepared as a final Look at check my site that closing entries are journalised and posted properly.
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